METRO INC. announced Wednesday its financial results for the third quarter of Fiscal 2025 ended July 5.
2025 THIRD QUARTER HIGHLIGHTS
- Sales of $6,871.0 million, up 3.3%
- Food same-store sales up 1.9%
- Pharmacy same-store sales up 5.5%
- Net earnings of $323.0 million, up 9.0% and adjusted net earnings of $331.8 million, up 8.8%
- Fully diluted net earnings per share of $1.48, up 13.0% and adjusted fully diluted net earnings per share of $1.52, up 12.6%
“We are pleased with our results in the third quarter, marked by solid comparable sales growth in food and pharmacy, and good cost control. We successfully opened 5 new food stores in the quarter, a pace that will continue in the fourth quarter, on track with our plan to accelerate the development of our growing discount banners. We are confident that our sustained investments in our retail network and supply chain combined with strong execution will continue to fuel our growth and create long-term shareholder value,” said Eric La Flèche, President and Chief Executive Officer.
“The significant investments in the modernization of our supply chain are largely behind us, and we are now focussed on realizing efficiency gains,” said the company.
“These investments position us well for growth through the expansion of our retail network in the years ahead. As we begin our fourth quarter, we continue to face an uncertain economic environment, and it is difficult to predict how this environment will evolve and how it will impact our operations and our customers. We remain steadfast in our focus to deliver value to our customers through our robust merchandising programs, our strong private label and loyalty offers and working with our supply chain partners.”
With annual sales of more than $21 billion, METRO Inc. is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people.
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